Charts I’m Watching: Dec 21, 2018

Lots of targets were reached yesterday.  USDJPY reached our downside target at its SMA200.VIX reached our next upside target at the .500 Fib.Gold reached our next upside target. ZN reached our next upside target.And, CL reached our next downside target at the .618 Fib.With so many key levels being reached, it’s not surprising that SPX reached our next downside target and got a nice bounce.  The question is whether it’ll hold.

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